13 Flume Road

Gloucester, MA 01930

$1,999,999
Price
7
Beds
5
Baths
5
1/2 Baths
7,582 Sq. Ft.
$264 / Sq. Ft.
7,582
Sq. Ft.
$264
per Sq. Ft.

Description

Attention business owners and investors! Fantastic opportunity to own this Mixed Use property in sight of the ocean and in the heart of Magnolia Village. Four residential apartments. The first-floor unit has an updated kitchen and hardwood floors and offers 3 bedrooms and 2.5 baths also two one-bedroom apartments..one apartment rented and the other apartment being renovated and a penthouse 2 bedroom unit completely renovated. Relaxing " common area ocean-view roof deck. Four retail units are located...Attention business owners and investors! Fantastic opportunity to own this Mixed Use property in sight of the ocean and in the heart of Magnolia Village. Four residential apartments. The first-floor unit has an updated kitchen and hardwood floors and offers 3 bedrooms and 2.5 baths also two one-bedroom apartments..one apartment rented and the other apartment being renovated and a penthouse 2 bedroom unit completely renovated. Relaxing " common area ocean-view roof deck. Four retail units are located on Lexington Ave. 3 Store fronts rented and 1 vacancy. All store fronts pay their own utilities. Residential renters have heat and hot water included. Septic System is massive and supports up to 14 bedrooms. Take advantage of this up-and-coming area with its shops and restaurants. This property has so much potential Think... Condo conversion? Airbnb? Live and have your business with no commute. Steps to the ocean and Kettle Cove beach, restaurants, shops, and Magnolia Library.
  1. Listed by Richard Palladino • Century 21 North East

Property Details for 13 Flume Road

Town
Gloucester
MLS Area
Magnolia
Area
MA-Gloucester-Magnolia, MA-Gloucester
Garage Spaces
0
Parking Spaces
8.00
Parking Spaces Total
8
LISTING UPDATED: 09/27/2024 03:07 AM

Property Details for 13 Flume Road

StatusActive
MLS #73242929
Days on Market179
Taxes$10,100 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1920
CountyEssex County

Building Information for 13 Flume Road

Stories11Residences8Year Built1920Building Size-Lot Size0.20 AC / 8,900 SF

Property Information for 13 Flume Road

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Shopping, Park, Medical Facility, Laundromat, Marina, Public School
  • Living Area: 7582.0
  • Color: White
  • SqFt with Basement: No
  • Total Units: 8
  • Waterfront: No
  • Water View: Yes
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Location/School
  • High School: Gloucester
Features
Interior Features
  • Basement Features: Walk Out, Interior Access
  • Num of Baths: 10.0
  • Num of Full Baths: 5
  • Num of Half Baths: 5
  • Bathrooms Total Decimal: 7.50
  • Bathrooms Total Integer: 10
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Hardwood
  • Interior Features: Upgraded Cabinets, Living Room, Dining Room, Kitchen
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters
  • Exterior Features: Fenced Yard, Deck - Roof
  • Fencing: Fenced
  • Lot Description: Corner Lot, Level
  • Patio And Porch Features: Deck - Roof
  • Roof Material: Rubber, Asphalt/Composition Shingles
  • Waterfront Features: Beach Front, Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Private)
  • Waterview Features: Ocean
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street, Tandem
  • Parking Features: Off-Street, Tandem
  • Parking Features: Off-Street, Tandem
Utilities
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating: Forced Air, Oil
  • Heating: Yes
  • Sewer: Private Sewerage
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Off street parking is tandem. Title V will be completed prior to closing. Retail units pay their own electric and heat. The hair salon has separately metered water. Room count does not include the retail spaces. Rents are below market rates. Listing Agent is related to seller
Tax Information
  • Listing Terms: Contract
  • Tax ID: 1901923
  • Assessments: $1,047,500
  • Book: 23957
  • Tax Year: 2024
  • Zoning: VB
Building / Association Information
Living Characteristics
  • Beds Total: 7
  • Total Living Levels: 11
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • GOI: $144,000.00
  • NOI: $44,400.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 2
Unit 2 Description
  • Floor U2: 3
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 3
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 4
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $9,650.00

Property History for 13 Flume Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 13 Flume Road

Taxable ValueLand$352,000Additions$695,500Total$1,047,500
Tax Record2020$8,969 ($747 / month)
Home Facts
Total Finished SqFt7,582 SqFtAbove Grade Finished SqFt7,582 SqFtUnfinished Basement SqFt506 SqFtStories3Lot Size8,900 SqFtStyleOffice BuildingYear Built1920ZoningVBCountyESSEXAPNGLOU M:0168 B:0049 L:0000

Schools near 13 Flume Road

This home is within Gloucester School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
West Parish
PublicK to 5

Ralph B O'maley Middle School
Public6 to 8

Gloucester High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

13 Flume Road is a multi-family home for sale in Gloucester, MA 01930. This property was listed for sale on May 28, 2024 by Century 21 North East, it's currently listed at $1,999,999. It has been on the market for a total of 179 days and was last sold on February 14, 2005. This listing's school district is Gloucester School District. Nearby schools include West Parish, Ralph B O'maley Middle School and Gloucester High School. 13 Flume Road is a 7-bed, 7.5-bath, 7,582 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Century 21 North East, Richard Palladino

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.